EURJPY buy trade idea 06 05 2021
BUY EURJPY 131.44
SL: 131.14
TP1: 131.64
TP2: 131.84
TP3: 132.04
*Trading conditions may differ between account types and brokers.
Signal Analysis by LCMS Traders
Currency Pair: EURJPY
BUY EURJPY 131.44
Timeframe: H1
Step 1 - Previous News: EUR: -, JPY: -
Step 2 - Trend: Down, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: Slightly out
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: EUR: Eurozone Retail Sales 1700hrs, JPY: -
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